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of defense, we talk about the post office and prepayments being made. there is one truism on both, o s the taxpayer is ultimately on the hook. yes. so it is not an issue is this just a quasi-government organization, both dod and you need prepayments. we're ultimately on the hook the taxpayer is. what concerns me in a time, admitted, mr. chairman your low liquidity. you're not really sure you can get down as low as two days later this year, at a time in which the discussions have been made and i have read about the board of governors and your role. you do believe you have a fiduciary duty in your role to the postal service and in your role, correct? >> mr. chairman, representative, yes. >> that means there's a trust. there's a trust with you and the board of governors not just strictly you but i believe with the postmaster general and others in this situation. what i keep hearing is, well we thought of and we're looking at that. we have a five-year plan that was many years ago. we have discussions that we want to do. we're exploring ideas. these are direct quotes from today, exploring h
of the defense intelligence agency spa capano current thfureat to the national securi. along with the national security agency, the national geospatial intelligence agency and the national reconnaissanceoffice and thinteencen etservices erts of the department of de that are also elements of the intelligence communy thatth direct clapper hits. director clapper while much of the information that you provide to policy makers in putting members of congress cannot be shared with the public because of its sensitivity and classification. the people who elected us to serve deserve the best information that we can publicly provide them. so we are glad that you and the general are with us this morning to do just that. among the challenges that we face is a self-inflicted wound, one with the fact that director clapper has rightly said amplify the other threats that we come from around the world that challenges the and prioritized cuts required by sequestration. this committee is interested in hearing from both of you today about the impact of the fy 2013 sequestration and the impact it's having on the in
to the japan and taiwan. the chinese navy entered the region on tuesday night to conduct open sea defense and offense training. wednesday's patrol was the third such tour carried out by the chinese navy since the islands were recently purchased by the japanese government, igniting the ongoing tensions. withatrol also coincided the annual live fire drills by taiwan's military of islands facing china. the taiwanese president said that the island must strengthen its defense forces if it is to maintain stability with china. >> in recent years, due to china opposed yearsboom, it has built its military and arms, bus facing such a threat, we must build our army in order to maintain peace across the strait. >> the drill is the largest annual exercise in taiwan. it simulates a response to a landing by chinese troops. landing missiles hit dummy targets at sea and soldiers pirate at a simulated chinese enemy, baring their attempted advance. china has considered taiwan a rogue state ever since it split from the mainland in 1949. relations between the two are at their best in years. perhaps something
for self-defense and for hunting and for sportsman activities. target shooting. i still go target shooting basically out my backyard in searchlight with my grandchildren. but i've always had trouble understanding why people need assault weapons to hunt or protect their homes or to target shoot. when the assault weapons ban came before the senate for a vote ten years ago, i called my friends, one in particular, who is a real advocate with -- on guns. and he said to me, you can't define an assault weapon. why are you doing this? you can't define an assault weapon. he convinced me he was right, so i voted against that. i voted against the ban. just about a month ago i called this same friend. i asked if his opinion had changed. generally no, but specifically yes, it had changed. he still opposes a ban on assault weapons. i said tell me why. i found his new reasoning absurd. and even though i care a great deal about my friend, he's headed in the wrong direction. so it caused me to reassess my position. he said do police have assault weapons? i said, yeah, some of them. he said if they have the
suggested the united states would reduce our missile defense system in asia for exchange -- in exchange for chinese help with north korea. it seems to me even though we are being threatened by nuclear attack by the north korean government, first of all is that an accurate statement? if so, explain that if you would. >> no. not an accurate statement. i think it was corrected while i was over there. there was reporting to that effect. what i -- there was no offer, no deal, no contemplation of it. what i did say publicly and i'll say it again, is that the president took specific deployment steps of missile defense in direct response to north korea. and it stands to reason that if the north korean threat disappears, there would be a logical question of whether or not that same level of deployment is necessary. all i stated was a sort of fact based on the rationale of the deployment itself. >> do you think that the united states should give aid to north korea of some type to temper their saber rattling, which they seem to do, about this time every year? >> no. >> all right. thank you for tho
i let you go, erin what do we know about legal defense? did he have legal representation in that hospital room? >> reporter: i have the transcript of the court hearing here there is controversy on friday and over the weekend about him not being mirandized. they went through it twice today and offered the use of an attorney and the one word he spoke was no when asked if he could afford an attorney and he was presented with defense attorneys today. >>> we want to bring you a look at the case against dzhokhar tsarnaev in the federal complaint against him. >> reporter: according to the complaint 2:38 on race day 11 minutes before the first explosion two men are seen walking toward the finish line carrying large knapsacks, tamerlan tsarnaev is in front and dzhokhar tsarnaev is a few feet behind. the two are seen a half block away from a restaurant camera. a minute later, bomber one, tamerlan walks out of the crowd with a knapsack on his back. at 2:45, alleged bomber two, dzhokhar walks to the finish line. he has a cell phone in his left hand. the affidavit says he stops near a
that says maybe you should move back into tech and out of some of those defensive consumer areas. >> we're not there. we've been advocating what we've been calling stocks with bond-like characteristics for better part of two years and we really pressed that at the beginning of this year. we are not ready to make that change. if through earnings season and as we get into the full april data set you really were to see a significant correction, probably in the overall market but certainly in those capital spend sensitive sectors, then you might get a window to do it. but we would not be doing that today. >> obviously, barry, then the alternative might be to continue to buy some of these defensive names and we see them at the top of the list today. the verizons and pepsis. don't you run into a valuation question there? how expensive do they get when even they are not a good alternative? >> we don't think valuation matters a whole lot for those stocks. we think it is more about the huge tentacle created by fed buying and now bank of japan. some of that buying weakened into the u.s. this is t
.i.t. technologies cut across every sector of our economy and our national defense infrastructure. our relatively modest 20-year investment in nitr-d programs has contributed immeasurably to our economic and national security by enabling innovation and job creation in the n.i.t. and providing american students with the skills to fill these jobs. let's re-authorize this program today and ensure that it remains strong. i want to thank my friend, mrs. lummis, for reintroducing a bipartisan bill once again in this congress and i also would like to thank my staff and in sokolo for their hard work on this bill and i urge my colleagues to support h.r. 967 and reserve the balance of my time. the speaker pro tempore: the gentlewoman reserves, the gentleman from texas is recognized. mr. smith: i yield five minutes to mrs. lummis the sponsor of this legislation and who chairs the subcommittee of the science, space and technology committee. the speaker pro tempore: the gentlewoman from wyoming is recognized for five minutes. mrs. lummis: thank you, mr. speaker. i want to start by thanking chairman smith and
defense ministers have already begun consideration of the size and mission for a post-2014 force in afghanistan. one factor that will influence that decision is the size and capacity of the afghan security forces. in this regard, the recent decision by nato defense ministers to support maintaining the afghan security forces at the current 352,000 through 2018, rather than reducing the support to a level of 230,000, as previously planned, is the right thing to do. it sends an important signal of our continued commitment to a safe and secure afghanistan and make it feasible for us to have a smaller u.s. and coalition presence after 2014. the greatest challenge to afghanistan's security is not the taliban, but the pakistan- based sanctuaries for militant extremists, launching cross border attacks into afghanistan. pakistan has said it supports a stable and secure afghanistan. but its actions belie its words. the u.s.-pakistan relationship will not be normalized so long as those extremists safe havens exist on pakistani territory. another large challenge to a stable afghanistan is th
flow is going into the defensive sector of stocks. while nobody is watching the money is going into the bond market. these are all warning signs saying you know what? maybe we're at temporary top. maybe we need a correction here. david: gene, you see the warning signs. you see the dow pulling back to 14,000, right? >> that is correct. i do think there are signs which the guest already mentioned. there is weakness of oil to be concerned about over the near term. there is correlation with the oil and stock market since the start of this cycle. weakness in oil could portend investors worries that the economies are slowing down not just in china but globally as well. so that will probably put pressure on the market. the other thing too, we're in the earnings season and this might be the quarter that doesn't delight. that is that we do get some dispoints manned -- disappointments and we get stiff reactions to the disappointments. lori: bob, you were cautious yet looking for stocks to show gains for the year. what do you think will get us past these bumps in the road? >> i think the
people respond. >> republicans are looking for a way out of that defense sector. there will be more pressure put on them right now. the people who wanted to wobble anyways, will be wobbling harder. we will not increase spending on anything right now. connell: i know it is tough a couple days after something like this happens and the development that are happening today, but what is your opinion? should we change the focus? >> in some ways it should focus our focus. think about 9/11. we reacted to that with a big massive freak out, for lack of a better word. we are still taking off our shoes at the airports. we thought we needed to do something. let's remember that as we react to boston right now. let's focus on that. we need to realize that facing this horrifying attack, we will not make it better with coming up with security theater to the measures. dagen: it is almost impossible to link spending directly with an event like this. >> of course. dagen: knowing so little as we do right now even about the type of devices that were used in boston. you are hearing references to it, but n
of the bad parts of it, i.e. europe, and that takes you to what we call defensive growth, defensive growth, as you say, is health care, is tapels, parts of the media, parts of the technology space, as well, clearly defensive growth. and then the other part of the bar bell, we want to take advantage of some of those attractive valuations in equities and in europe. we would rather go into financials selectively and look at those insurance companies, those banks, as well, which is perhaps have sold off more in the market than the recent pullback and look at all of those companies which have improving or strong capital positions. and you end up looking at some of the german insurers and the swiss bank. they look pretty strong for us. >> jonathan, thanks very much for that. . >>> today is also worldwide -- in china, "worldwide exchange" in china day. i'm in hong kong because i've just spent the weekend at the china entrepreneur's club annual meeting of green companies in china. i've just come back from there and the china entrepreneur's club is a group 50, 51 of the leading ceos of the private
answered by speaking, which is that he said no. so he was then provided with a group of defense attorneys, isha. >> of course, a key line of investigation is the deceased brother, as he was known, suspect number one tamerlan tsarnaev who died in the early morning shoot-out with police, trying to piece together his movements. we know he left the country last year, and his wife remains. catherine russell. have authorities been able to speak to her? because of course she is an important person to speak to. >> well, cnn's chris lawrence has actually been tracking those developments. and what he has found is she is too distraught to speak. an attorney is speaking on her behalf. and so he is cooperating yes, but right now she has been saying to him that she didn't know anything of this plot beforehand. although, of course, as you know, tamerlan, her husband was in russia for six months last year. and that i think will be the driving force behind the investigation going forward. >> yeah. erin mcpike joining us in boston with the latest. erin, we appreciate it. thank you. we are also getting new
? >> well, in essence we've had this outperformance of the more defensive sectors but it is not so much that they're defensive. we're talking about stable cash flows, stable earnings, stable share prices and higher than average dividend yields. david: let me stop you right there. practically everybody says you want to get into dividend stocks. you're saying don't just look at the dividend. it has to have all the elements, stable cash flow and all the other elements? >> exactly. for example the dividend yields last four weeks have suddenly become attractive in the material sector. that is all the stuff leveraged to china. the share prices are fallen and dividends might be at risk. we're talking about with companies with very stable businesses that do have bond-like characteristics throughout the company. this is largely a function of fed policy. the portfolio balance channel while it hasn't done a heck of a lot for real macroeconomic growth has certainly made the bond market more expensive. david: you talk about bond-like charactertics, the main characteristic of bonds they're stable. th
for the cia as a former deputy assistant secretary of defense. how critical is it that the 90 year-old brother of tamerlan tsarnaev be caught alive? >> well, is important. there is still some months that we don't know about this. is there a firm international connection? with a self radicalized? what motivated them? are there more potential terrorist attacks in the future? other part of the sleeper so? is the picture gets more clear new information makes a blurry, and there is just so much that we need to know. getting a hold of him and the freaking get informational tell us a lot. dagen: of course we mentioned the city has been on virtual lock down the public transition down. all of your major ones. so closed for today. amtrak service was closed down. people told by the governor of the state to stay indoors. boston and the surrounding areas. how critical is that? how critical is it that for these authorities to be a will to do their job? >> well, first of all, is public safety, of course. there are armed law enforcement officers, federal, state, local, out there trying to get this guy. anothe
you were in china that you suggested the united states would reduce our missile defense system in asia for exchange, in exchange for chinese help with north korea. it seems to me that even though we're being threatened by nuclear attack by the north korean government, first of all, is that an accurate statement? and if so, explain that if you would. >> no, not an accurate statement. i think it was corrected while i was over there. it was reporting to that effect. there was no offer, no deal, no contemplation of it. what i did say publicly and i will say it again, is that the president took specific deployment steps of missile defense in direct response to north korea. and it stands to reason that if the north korean threat disappears, there would be a logical question of whether or not th that same level of deployment is necessary. it's all, i stated, was sort of a fact based on the rationale of deployment itself. >> do you think the united states should give aid to north korea of some type to temper their saber rattling, which they seem to do, about this time ever you? >> no. >> thank
disarmament. the reaganites in the defense department were horrified by this and put a stop to it but reagan didn't go all the way with reaganism when he had a chance to end the cold war, especially the nuclear threats. so it's a hard-core republican belief. if you remember the pup pup prime -- republican primaries of 2012, it was not that long ago there were eight or ten republican candidates in simi valley for a debate at the reagan library and every one of them said reagan set the example how maring be strong, reagan did with the soviet union and we should do it today in iran, we should do it -- we were right toy trite in iraq. america should use its power to achieve its spend destroy its enemies. i worked in the cold war and in the middle east. you have 29% of the american people agree with that today. >> richard, do you want to say something? you're leaning forward. >> no. >> okay. we want to take questions from the audience if anybody has a question, and i think there's a microphone somewhere that someone is going to bring up. why don't we start right up here on the aisle, blue shirt.
of the samsung galaxy preorders. in australia, defense sectors powered ahead and sensex now trading flat while the country is seen as a big beneficiary to the recent weakness in commodity prices. back to you. >> okay. thanks very much for that. turning our attention to european session as i mentioned just in the last couple minutes here we've turned sharply lower. a sell-off of 0.7 of 1%. decliners outpace advancers by 4 to 1 ratio. the market is scratching around for this particular sell-off. we're down almost three-quarters of 1%. italy down about 0.4 of 1%. presidential selection process will begin tomorrow. here's a look at the bond space to see if we see major moves to echo the concern we've seen across the equity space but not quite. look at spanish and italian debt, they are rallying. here's a look at what's happening across the space. sterling is weaker. we'll hear bank of england minutes out in just a couple minutes time. dollar/yen weakened this morning but not as much as you would expect given the sell-off across commodities. on cnbc.com, london's mayor boris johnson arguing that fa
to be said about what this bill does, but our point is that we believe in law enforcement as the best defense is a strong offense. there are so many provisions in this bill that would encourage or discourage illegal immigration, it would create the first choice in those who want to come to this country to work, to benefit their own lives and benefit this great country. that is to choose a pathway that is correct and legal. all those other provisions in this law are those that help with regard to a stronger border. >> thank you very much. the fmemayoof denver, colorado, currently serves as president and ceo of the hispanic chamber of commerce of metro denver. good to have you here, mr. mayor. >> thank you, mr. chairman, members of the committee. to there to lend support border security economic maturity. -- economic we send our present supports to our neighbors in texas and massachusetts and in solidarity with and with american that you try to make a better bet for your kitty. and the president and ceo of the hispanic chamber of commerce metro denver, an organization of over 2000 business memb
to fund the construction of the national bio anding a row defense facilities in kansas. we've talked about. this i'm sure we'll talk about it more today the and i understand the importance of studying animal diseases, but i hope we can avoid providing full funding, $700 million some, full funding, to 2014 alone, for a multi-year construction probably. y building a building in lodge cal segments, taking away resources from other facilities like i.c.e. and the coast guard and fema, maybe even management moneys that we need from the department. and finally, i'm concerned by proposed cuts and the support that the homeland security provides to state and local governments and first responders through homeland security grants, exercises in training and as we saw clearly this week in state and local officials are the ones who will inevitably be on the front line responding to terrorist attacks. my friend always reminds us we need to be risk-based and we need to keep that in mind particularly as we consider these grants to our state and local colleagues. while acknowledging that our approach must b
-chair the board for kids in the defense. the issue is to provide legal counsel to children who are going through immigration removal process but have been separated from their parents, precisely the individuals the refer to. and as you mentioned, there has been an increase in this number in recent years. we are making heroic efforts across the country to the help of over 160 volunteer law firms, companies, law schools. over 5,200 lawyers. now volunteering their time to provide legal representation. as you point out, we have had clients as young as two years old. and a child who is two years old who does not have a lawyer and is not have a parent is basically defenseless when it comes to an incredibly important legal proceeding. and the bill before you does some very important focused things to help address this, as you pointed out. mandates the attorney-general said there can be legal counsel appointed. irresponsibility the work on this which makes perfect sense given that responsibility when need to continue to recruit more volunteer lawyers and are committed to doing that. at the passage of th
defense systems to guard against any miscalculation on their part. >> on the budget, is this your last best final offer to republicans? >> what i tried to do is put forward a budget that i think is a realistic compromise. >> would you go farther on entitlement cuts? >> it does not give republicans everything they want, frankly it doesn't reflect everything i would like to see. it puts forward some of the ideas the republicans had suggested around entitlement reform that i think are reasonable policy. >> they say it's not enough and it's not enough to make a deal, would you go farther? >> i think that before we go anywhere, right now we've got to see from republicans what exactly is it that they want to do. i mean, when they say they want to go farther, what do they want to do? what are they putting on the table. >> you've got democrats a little mad at you, too, saying you've cut social security and medicare and now this is going to come back and haunt them in their races. >> part of what we have to think about, whether we're democrats or republicans is how do we create a system where o
Search Results 0 to 22 of about 23 (some duplicates have been removed)